Melbourne Market Report M45 – 9th May 2019

Melbourne Market Report M45 – 9th May 2019

MARKET REPORT – Melbourne Sale M45

09/05/2019

On today’s very poor offering in 16.5u and finer for any types, and reasonably good offering of 17.5-21.5u but mainly poorer, low yielding types and premature shorn wool, the market was cheaper for 19.0u and finer. Selected lots with high yield/ Nkt in a very limited selection are unchanged.
19.5 and broader started off 15/20ac cheaper but firmed as the sale continued, with better lots unchanged and lower types/yields/Nkt’s 10ac cheaper.

Fine Merino skirtings with less than 3%vm continued to be keenly sought and closed fully firm today. Poorer style and lower yielding wools carrying above 5%vm closed generally unchanged with reasonable support from the topmakers.